Hyderabad: The eighth additional metropolitan sessions judge for economic offences issued a non-bailable warrant (NBW) on Friday against Heera group founder Nowhera Shaik and two others in connection with a case filed by the Registrar of Companies (RoC) for reportedly failing to submit balance sheets since 2016.
The RoC filed a case against Nowhera Shaik, company director Mubarak Jan Shaik, and Heera Foodex Private Limited under section 92 of the Companies Act. The case came up for hearing in court on Friday.
The court has asked the trio to appear before it on August 30. They are presently in custody of Bengaluru police.
Less than a week ago, Bellari police took custody of Nowhera Shaik and also her aides Molly Thomas and Biju Thomas for their alleged involvement in the Ponzi scheme.
They were arrested by Hyderabad Central Crime Station (CCS) police a few months ago and lodged in Chanchalguda prison before they were taken to Bellary.
CCS officials have issued a lookout circular (LoC) against four directors – Ashraf Ahmed, Ismail Shaik Abu Baqar, Abdul Qayyum, and Yasin Baig – across all airports and ports to prevent them from leaving the country.